As per Sec.139(2) of Companies Act,2013 read with Rule of Companies(Audit and Auditors) Rules, 2014, rotation of auditors apply even to the Pvt. Ltd. Companies if their paid-up capital is 20 crores or more.

So for example, a Pvt. Ltd. Company is incorporated on 01/04/2014 and is having the same auditor (an individual) right from incorporation and it increases its paid-up capital to 21 crores on 31/07/2019. Can it appoint the same auditor for 5 more years or only for 1 year?

To put it simply, applicability of provisions pertaining to rotation of Auditor starts only from the year in which the condition is satisfied or even the previous period in which a person is an auditor needs to be counted?

Dear sir,

Can Partnership firm accept loan from its Statutory auditor?

Casual vacancy in a pvt co due to resignation of auditor in August 2015. New auditor being appointed after 11 months in July 2016 for the year 2015-16. Now the company if file ADT-1 showing resignation and appointment on above dates is there any violation and what is the remedy. pls suģgest

Whether Company which has not done annual filing can be wound up under fast track exist Scheme????????

Can a Company apply for Change in Name immediately after its Incorportaion?

A partnership firm having three partners which carries construction work. A partnership Firm constructed an apartment. Three residential flats are unsold.
The partners wish to distribute unsold flats amongst themselves (Treatment of capital Gain in case of transfer) and close/ dissolve the firm. What will be the treatment in the hands of firm as well as partners under Income Tax Act. Also, procedure for closure of partnership firm under IT Act & Other statute i.e. Partnership Act.

Please guide me

as early as possible

can a independent directors wife be appointed as an Independent director in the same company if they are not having relation with the company????

in clause (d)------ whether it (2% of turnover) or (total income) or 2% of(turnover or total income)

What is procedure for Conversion of Proprietorship Concern in Private Company as per Companies Act,2013????? Whether it is Mandatory to give advertisement in Form URC-2 regarding this???? Clarify regarding filing of form INC-29 & INC 1 because no option is provided in Form INC-29??????????

Please explain 'Persons connected to director' as per Section 192.
Whether any non cash transaction of acquisition of Fixed Assets from an Associate Company with common director will come under Section 192.
If the said purchase is an import , where we paid Customs duty, But no consideration to the associate company, will it be counted as non cash transaction or cash transaction.

Thanks